My Swing Trading Approach
I am 100% cash at the moment, but will give the market some time this morning to determine the direction it wants to take. I will follow the trend of the market today and trade accordingly, while keeping my exposure small for now.
Indicators
- VIX – Lost about half of its gains on the day, but still a major day to the upside with a 20% move. Closed just below the all-important 20, despite reaching near 22 intraday.
- T2108 (% of stocks trading below their 40-day moving average): A 12.3% decline yesterday, pushing the indicator back to 43%. All things considered, the indidicator is holding up quite well.
- Moving averages (SPX): Sliced right through the 10, 20, and 50-day moving averages. Found support at the 100-day moving average.
- RELATED: Patterns to Profits: An Intro Trading Course
Industries to Watch Today
Energy more than reversed Friday’s gains by leading the way to the downside. Technology was right behind. Utilities and Financials were the strongest sectors. 
My Market Sentiment
Pre-market acts as if it wants to bounce, but we have seen plenty of bounces fade once the market opens. Yesterday’s sell-off was on low volume, which doesn’t provide a strong level of confidence that the sell-off wants to extend itself further to the downside.
S&P 500 Technical Analysis
Current Stock Trading Portfolio Balance
- 100% Cash
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
In this podcast episode Ryan talks about not allocating all of your capital to one single trade. He covers why it is dangerous to your trading and the sustainability of that strategy long-term. Also covered is how much should you dedicate to long-term vs short-term trading, and whether you should ditch one approach for the other.
Be sure to check out my Swing-Trading offering through SharePlanner that goes hand-in-hand with my podcast, offering all of the research, charts and technical analysis on the stock market and individual stocks, not to mention my personal watch-lists, reviews and regular updates on the most popular stocks, including the all-important big tech stocks. Check it out now at: https://www.shareplanner.com/premium-plans
📈 START SWING-TRADING WITH ME! 📈
Click here to subscribe: https://shareplanner.com/tradingblock
— — — — — — — — —
💻 STOCK MARKET TRAINING COURSES 💻
Click here for all of my training courses: https://www.shareplanner.com/trading-academy
– The A-Z of the Self-Made Trader –https://www.shareplanner.com/the-a-z-of-the-self-made-trader
– The Winning Watch-List — https://www.shareplanner.com/winning-watchlist
– Patterns to Profits — https://www.shareplanner.com/patterns-to-profits
– Get 1-on-1 Coaching — https://www.shareplanner.com/coaching
— — — — — — — — —
❤️ SUBSCRIBE TO MY YOUTUBE CHANNEL 📺
Click here to subscribe: https://www.youtube.com/shareplanner?sub_confirmation=1
🎧 LISTEN TO MY PODCAST 🎵
Click here to listen to my podcast: https://open.spotify.com/show/5Nn7MhTB9HJSyQ0C6bMKXI
— — — — — — — — —
💰 FREE RESOURCES 💰
My Website: https://shareplanner.com
— — — — — — — — —
🛠 TOOLS OF THE TRADE 🛠
Software I use (TC2000): https://bit.ly/2HBdnBm
— — — — — — — — —
📱 FOLLOW SHAREPLANNER ON SOCIAL MEDIA 📱
*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
You Might Like
The Retail Trading Revolution: How Small Investors Are Reshaping the Stock Market
Fading the Gap: How Large Overnight Moves in SPY and QQQ Play Out During the Trading Day
How to Trade a Bear Flag